2014-08-21

Zhejiang Cities Cook Up Another Market Rescue

Hangzhou turnover is still up 70% since the buying restrictions were lifted at the end of July (杭州领跌 中国3大城市房价已跌回4年前). The good result and continued pressure on prices has Zhejiang province looking at ways to get banks lending more, since asking/telling them to lend more isn't working.

浙江等地酝酿再救楼市 杭州有望近期全面松绑
With the purchase of deregulation province of Zhejiang Province, the local government is currently being organized stress test. "Jointly organized by six local research, are ready to once again stress test in real estate." One source said.

There are well-informed sources told reporters that the provincial government may be introduced subsequent "remedy" policy, "for example, in the area of ​​further liberalization of deregulation, greater policy on supporting the bank's support."

Reporters learned that the internal policy discussions bailout of some greater efforts are being carried out within Zhejiang Province.

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